Cleanairtech Sudamérica successfully closes refinancing round

Cuatrecasas has advised Cleanairtech Sudamérica S.A., a subsidiary of the Compañía Minera del Pacífico (CAP) Group, on the refinancing with international banks of an existing loan and a new syndicated loan for USD 152 million, maturing in 2033. The banks participating in the transaction are: Crédit Agricole CIB, Mizuho Bank, BNP Paribas and Sumitomo Mitsui Banking Corporation.

Cleanairtech Sudamérica specializes in the water sector and the closing of this refinancing round will enable the company to fund its seawater desalination plant. This infrastructure, located 25 km north of Caldera (Chile) with an annual production of approximately 8 million m³, has supplied clients in the Atacama region since 2014.

The Cuatrecasas team advising on the project was made up of Santiago de Chile office lawyers Macarena Ravinet, Camila Kutz, Tomás Montes and Ronny Vaisman.